Zhejiang Renzhi Balance Sheet Health
Financial Health criteria checks 4/6
Zhejiang Renzhi has a total shareholder equity of CN¥43.6M and total debt of CN¥7.2M, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are CN¥216.0M and CN¥172.3M respectively.
Key information
16.4%
Debt to equity ratio
CN¥7.17m
Debt
| Interest coverage ratio | n/a |
| Cash | CN¥15.68m |
| Equity | CN¥43.64m |
| Total liabilities | CN¥172.35m |
| Total assets | CN¥215.99m |
Recent financial health updates
Zhejiang Renzhi (SZSE:002629) Is In A Good Position To Deliver On Growth Plans
Sep 30
We're Hopeful That Zhejiang Renzhi (SZSE:002629) Will Use Its Cash Wisely
Jun 05Recent updates
What Zhejiang Renzhi Co., Ltd.'s (SZSE:002629) 45% Share Price Gain Is Not Telling You
Oct 08Zhejiang Renzhi (SZSE:002629) Is In A Good Position To Deliver On Growth Plans
Sep 30We're Hopeful That Zhejiang Renzhi (SZSE:002629) Will Use Its Cash Wisely
Jun 05Zhejiang Renzhi Co., Ltd. (SZSE:002629) Shares Slammed 25% But Getting In Cheap Might Be Difficult Regardless
Jun 05Zhejiang Renzhi Co., Ltd.'s (SZSE:002629) Share Price Is Still Matching Investor Opinion Despite 25% Slump
Apr 16Zhejiang Renzhi Co., Ltd.'s (SZSE:002629) Share Price Matching Investor Opinion
Feb 27Financial Position Analysis
Short Term Liabilities: 002629's short term assets (CN¥177.8M) exceed its short term liabilities (CN¥169.1M).
Long Term Liabilities: 002629's short term assets (CN¥177.8M) exceed its long term liabilities (CN¥3.3M).
Debt to Equity History and Analysis
Debt Level: 002629 has more cash than its total debt.
Reducing Debt: 002629's debt to equity ratio has reduced from 356.2% to 16.4% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 002629 has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: 002629 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 30.8% each year